US Caterpillar equipment maker looking at investment opportunities in Turkey

Istanbul, 24 May 2012 – According to Nihat Ergun,Turkey’s Minister of Science, Industry and Technology, US heavy equipment maker Caterpillar has indentified Turkey for its investment strategy. Caterpillar has been impressed withTurkey’s new investment incentive scheme and were briefed about the new schemes during Turkey’s President Abdullah Gul’s recent visit to the US. “Caterpillar is seriously considering investing inTurkey. This investment can possibly reach USD 1 billion in size”. Caterpillar’s CEO is due to visit Turkey in the next few weeks for meetings with Ergun. Source: Invest inTurkey